234 Harbor CirNew Orleans, LA 70126

Property Details for 234 Harbor Cir

Year built

1980

Lot size

0.89 AC

Property size (Sq ft)

29,240 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

39W015264

APU

39W015264

Description

This exceptional 19,500-square-foot warehouse and office space in New Orleans, Louisiana, presents a compelling owner-user opportunity. Located at 234 Harbor Cir, 70126, this single-story building sits on a 27,076-square-foot lot and boasts a desirable location with easy access to I-10. The asking price is $1,190,000 ($61.03/sq ft). The property features a well-maintained steel frame with metal panels and a fenced yard including a covered workspace and over 17 parking spaces. Inside, you'll find approximately 14,000 square feet of warehouse space complemented by 5,500 square feet of office and showroom area. The office space includes eight professional offices, a conference room, a large showroom, a breakroom, and three restrooms. The building benefits from five roll-up doors (three ground level, one van height, and one full-size loading dock), and ceiling heights range from 12.5 to 17.5 feet. Four air conditioning systems are in good working order, with two recently replaced. A monument sign ensures high visibility. The property enjoys the highest elevation in the area and is located in Flood Zone X, offering peace of mind. Available for occupancy February 29, 2024.

• CAP approach

  CAP return

  Valuation

  6%

  $6,816,277

  6.5%

  $6,291,948

  7%

  $5,842,523

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,620,742

  Geo Method

  $5,238,252

• Alternative Use

  Use

  Valuation

  Residential

  $5,307,494

  Hospitality

  $4,861,636

  Educational

  $4,044,824

  Medical

  $4,183,931

  Retail

  $6,291,948

Location Insight

City

New Orleans

County

Orleans

State

Louisiana

Latitude

30.03

Longitude

-90.0305

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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